**US Spot Bitcoin ETFs Poised to Eclipse Satoshi Nakamoto’s Holdings by Year-End**
According to Bloomberg ETF analyst Eric Balchunas, US spot Bitcoin exchange-traded funds (ETFs) are on track to surpass Satoshi Nakamoto’s estimated 1.1 million BTC holdings by December. This prediction is based on the current accumulation pace of approximately 17,000 BTC per week, which could lead to the ETFs holding over 1 million BTC as early as next week.
**Institutional Investment in Bitcoin ETFs on the Rise**
The recent inflow of capital into spot BTC ETFs lends credibility to Balchunas’ forecast. Over the past 12 trading days, these ETFs have attracted nearly $4 billion in investments, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) alone accounting for approximately $2.6 billion of that amount.
**Unpredictability in the Crypto Market a Potential Obstacle**
While the growth trajectory of Bitcoin ETFs remains upward, Balchunas cautions that the unpredictable nature of the crypto market could impact the timeline. He notes that unexpected events, such as a market selloff, could delay the ETFs’ surpassing of Nakamoto’s holdings. However, Balchunas believes that the funds’ growth is inevitable, stating:
“Anything can happen, e.g., a violent selloff, and all this is delayed albeit still inevitable. On the flip, if prices keep going up, Trump wins, we could see FOMO could kick in, and it all happens faster.”
**Key Takeaways**
* US spot Bitcoin ETFs are on track to surpass Satoshi Nakamoto’s estimated 1.1 million BTC holdings by December.
* Institutional investment in Bitcoin ETFs is increasing, with nearly $4 billion in inflows over the past 12 trading days.
* The unpredictability of the crypto market could impact the timeline, but the growth trajectory of Bitcoin ETFs remains upward.
**Investment Disclaimer**
This article is for informational purposes only and should not be considered investment advice. Cryptocurrency trading carries high risks, and investors should do their own due diligence before making any investment decisions.